United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Invests $768,000 in Fox Co. (NASDAQ:FOXA)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Fox Co. (NASDAQ:FOXA) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 15,800 shares of the company’s stock, valued at approximately $768,000.

A number of other large investors have also added to or reduced their stakes in FOXA. SRS Capital Advisors Inc. raised its stake in shares of FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock worth $27,000 after purchasing an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of FOX during the 4th quarter valued at $28,000. Jones Financial Companies Lllp lifted its holdings in FOX by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after acquiring an additional 249 shares during the period. Brooklyn Investment Group increased its position in shares of FOX by 142.5% during the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock valued at $39,000 after purchasing an additional 466 shares during the last quarter. Finally, Quest Partners LLC bought a new position in shares of FOX in the 3rd quarter worth approximately $51,000. Hedge funds and other institutional investors own 52.52% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on FOXA shares. Bank of America boosted their target price on shares of FOX from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. boosted their price objective on shares of FOX from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Loop Capital raised their target price on FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. StockNews.com lowered FOX from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Finally, Wells Fargo & Company raised their price objective on FOX from $59.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $51.19.

Insider Buying and Selling at FOX

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the transaction, the chairman now owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. This trade represents a 4.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the sale, the insider now owns 29,897 shares of the company’s stock, valued at $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.77% of the company’s stock.

FOX Price Performance

NASDAQ:FOXA opened at $54.96 on Wednesday. The firm has a market capitalization of $24.92 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 1.27 and a beta of 0.67. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The business has a 50 day simple moving average of $53.29 and a 200-day simple moving average of $47.77. Fox Co. has a 1 year low of $30.02 and a 1 year high of $58.74.

FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.34. FOX had a return on equity of 18.50% and a net margin of 14.39%. The company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period last year, the company earned $0.34 earnings per share. FOX’s revenue was up 19.9% on a year-over-year basis. Equities analysts forecast that Fox Co. will post 4.38 EPS for the current year.

FOX Dividend Announcement

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be given a $0.27 dividend. This represents a yield of 1%. The ex-dividend date of this dividend is Wednesday, March 5th. FOX’s dividend payout ratio (DPR) is currently 11.56%.

FOX Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.